reports
Okeanis Eco Tankers Corp. – Announcement of Availability of 2023 Annua...
Okeanis Eco Tankers Corp. – Announcement of Availability of 2023 Annual Report on Form 20-F ATHENS, Greece, April 30, 2024 (GLOBE NEWSWIRE) -- Okeanis Eco Tankers Corp. (the “Company” or “OET”) (NYSE:ECO / OSE:OET), announced today that its Annual Report on Form 20-F for the fiscal year ended December 31, 2023 (the “Annual Report”) has been filed with the U.S. Securities and Exchange Commission (the “SEC”). The Annual Report may be downloaded from the SEC’s website () and is also available under the Investor Relations section (Financial Reports and Webcasts) of the Company’s website (). H...
- Jørgen Lian
Yard response and dry bulk qualms
Our trip to South Korea and China revealed Chinese shipbuilders are seeking growth to take on Korea’s established yards who are facing constraints. An eagerness to add capacity is one of our takeaways, as well as a gloomy outlook for Chinese real estate, which in our view should inevitably weigh on dry bulk demand.
DHT DHT HOLDINGS INC.
SBL SAFE BULKERS INC.
LPG DORIAN LPG
GNK GENCO SHIPPING & TRADING LTD.
MAERSK B A.P. MOLLER - MAERSK A/S CLASS B
ODF ODFJELL ASA
WAWI WALLENIUS WILHELMSEN LOGISTICS ASA
WWI WILHELM WILHELMSEN HOLDING
SBLK STAR BULK CARRIERS CORP.
FRO FRONTLINE LTD.
G2O GOLAR LNG LIMITED
AMSC AMERICAN SHIPPING COMPANY ASA
SN6 STOLT-NIELSEN LTD.
BWLPG BW LPG LTD.
GOGLO GOLDEN OCEAN GROUP LTD
AVACF AVANCE GAS HOLDINGS LTD
HUNT HUNTER GROUP ASA
STNG SCORPIO TANKERS INC.
FLNG FLEX LNG LTD.
SFL SFL CORPORATION LIMITED
TNK TEEKAY TANKERS
2020 2020 BULKERS LTD
KCC KLAVENESS COMBINATION CARRIERS
EGLE EAGLE BULK SHIPPING
MPCC MPC CONTAINER SHIPS AS
HAUTO HOEGH AUTOLINERS ASA
WEST WESTERN BULK CHARTERING
HAFNI HAFNIA
COOL COOL COMPANY LTD.
HSHP HIMALAYA SHIPPING LTD.
FRO – Filing of Annual Report
FRO – Filing of Annual Report Frontline plc (the “Company”) announces the filing of its annual report for the year ended December 31, 2023. The annual report can be downloaded from the Company’s website or from the link below. Additionally, shareholders can request a hard copy of our complete audited financial statements free of charge by writing to us at:John Kennedy 8 Iris Building, 7th floor, Flat/Office 740B, 3106, Limassol, Cyprus. or sending an e-mail to April 26, 2024 Frontline plc Limassol, Cyprus. ...
Stolt-Nielsen Limited shares trade ex-dividend
Stolt-Nielsen Limited shares trade ex-dividend The shares in Stolt-Nielsen Limited (SNI) will trade ex-dividend $1.50 as from today, Apr.24.2024. This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act
DHT Holdings, Inc. today announced the publication of its 2023 Sustain...
DHT Holdings, Inc. today announced the publication of its 2023 Sustainability Report HAMILTON, BERMUDA, April 23, 2024 – DHT Holdings, Inc. (NYSE:DHT) (“DHT” or the “Company”) today announced the publication of its 2023 Sustainability Report. The report is available on DHT’s website and the below link. About DHT Holdings, Inc.DHT is an independent crude oil tanker company. Our fleet trades internationally and consists of crude oil tankers in the VLCC segment. We operate through our integrated management companies in Monaco, Norway, Singapore, and India. You may recognize us by our reno...
DHT Holdings, Inc. Business Update
DHT Holdings, Inc. Business Update HAMILTON, BERMUDA, April 11, 2024 – DHT Holdings, Inc. (NYSE:DHT) (“DHT” or the “Company”) today provides the following business update: For the first quarter of 2024, the Company estimates time charter equivalent earnings for its fleet at $50,900 per day, comprising of 54,000 per day for the Company’s VLCCs operating in the spot market and $39,500 per day for the Company’s VLCCs on time-charter. The estimated time charter equivalent earnings are based on 2,091 revenue days for the first quarter, of which 1,636 days are spot days. Thus far in the second ...
- Jørgen Lian
Stolt-Nielsen (Buy, TP: NOK555.00) - Solid earnings yield potential
We believe the strong Q2 TCE earnings guidance will set a new ‘normal’ for Tankers, with a low orderbook coupled with strong MR rates and Canal disruption fuelling the strong chemical rates c65% above the five-year average YTD. Hence, we believe the lower COA share provides attractive spot exposure and renewal opportunities. Thus, we calculate a NOK76 EPS over the next four quarters, or an 18% earnings yield. We reiterate our BUY and have raised our target price to NOK555 (500).
Stolt-Nielsen Limited Reports Unaudited Results For the First Quarter ...
Stolt-Nielsen Limited Reports Unaudited Results For the First Quarter of 2024 Stolt-Nielsen Limited Reports Unaudited ResultsFor the First Quarter of 2024 A strong quarter marks a solid start to 2024 LONDON, April 10, 2024 – Stolt-Nielsen Limited (Oslo Børs ticker: SNI) today reported unaudited results for the first quarter ending February 29, 2024. The Company reported a first-quarter net profit of $104.0 million with revenue of $707.3 million, compared with a net profit of $99.8 million with revenue of $708.7 million in the first quarter of 2023. Highlights for the first quarter ...
Stolt-Nielsen Limited to Host a Video Conference to Present the Result...
Stolt-Nielsen Limited to Host a Video Conference to Present the Results for the First-Quarter of 2024 LONDON, April 3, 2024 – Stolt-Nielsen Limited (Oslo Børs: SNI) will host a virtual presentation to discuss the Company’s unaudited results for the first quarter of 2024 on Wednesday, April 10, 2024 at 14:00 CEST (08:00 EDT, 13:00 BST). The virtual presentation will be hosted by: - Mr. Udo Lange - Chief Executive Officer, Stolt-Nielsen Limited- Mr. Jens F. Grüner-Hegge - Chief Financial Officer, Stolt-Nielsen Limited- Mr. Alex Ng - Vice President Strategy & Bu...
DHT Holdings Inc: 1 director
A director at DHT Holdings Inc sold 100,000 shares at 11.440USD and the significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clea...
- Jørgen Lian
Stolt-Nielsen (Buy, TP: NOK500.00) - Multiples expansion warranted
We find the stock attractively priced at a 2024–2025e average EV/EBITDA of 3.9x and P/E of 5.6x, versus the tanker peer group at 4.2x and 5.9x, respectively. We estimate a 2024–2026 average earnings yield of 18% and believe the diversified earnings, with Tankers constituting c65% of our 2024–2026e EBIT, should support multiples expansion. We reiterate our BUY and NOK500 target price.
Stolt-Nielsen Limited Distributes Materials For the 2024 Annual Genera...
Stolt-Nielsen Limited Distributes Materials For the 2024 Annual General Meeting of Shareholders LONDON, March 22, 2024 – Stolt-Nielsen Limited (Oslo Børs: SNI) announced today that, on March 22, 2024, materials for the Company's Annual General Meeting were mailed to shareholders of record as at close of business on March 21, 2024, who will be entitled to vote at the meeting. Copies of such materials are available at: stolt-nielsen.com/investors/annual-general-meeting/ The Company's Annual General Meeting of Shareholders will be held at the registered office of the Company at Clarendon Hous...
DHT Holdings, Inc. has filed Form 20-F for 2023 with the US Securities...
DHT Holdings, Inc. has filed Form 20-F for 2023 with the US Securities and Exchange Commission HAMILTON, BERMUDA, March 20, 2024 – DHT Holdings, Inc. (NYSE:DHT) (the “Company”) has filed its 2023 annual report on Form 20-F with the US Securities and Exchange Commission (the “SEC”). The report and the audited financial statements are available on DHT’s website and the below link. Shareholders may request a hard copy of the audited financial statements free of charge by sending an e-mail to . About DHT Holdings, Inc.DHT is an independent crude oil tanker company. Our fleet trades inte...
- Jørgen Lian
A brewing challenge for the yards
Our 17th Annual Energy & Shipping Conference was well attended by investors and industry executives showcasing the still-growing interest for the sectors. Limited yard capacity is fuelling high newbuilding prices and raising freight rate expectations for the vast fleet renewal necessary in the coming decade. Long lead times underpin a bullish supply story for much of shipping in the coming years, albeit exposed to geopolitical risks affecting trade patterns. Our overall impression was general op...
DHT DHT HOLDINGS INC.
SBL SAFE BULKERS INC.
LPG DORIAN LPG
GNK GENCO SHIPPING & TRADING LTD.
MAERSK B A.P. MOLLER - MAERSK A/S CLASS B
ODF ODFJELL ASA
WAWI WALLENIUS WILHELMSEN LOGISTICS ASA
WWI WILHELM WILHELMSEN HOLDING
SBLK STAR BULK CARRIERS CORP.
FRO FRONTLINE LTD.
G2O GOLAR LNG LIMITED
AMSC AMERICAN SHIPPING COMPANY ASA
SN6 STOLT-NIELSEN LTD.
BWLPG BW LPG LTD.
GOGLO GOLDEN OCEAN GROUP LTD
AVACF AVANCE GAS HOLDINGS LTD
HUNT HUNTER GROUP ASA
STNG SCORPIO TANKERS INC.
FLNG FLEX LNG LTD.
SFL SFL CORPORATION LIMITED
TNK TEEKAY TANKERS
2020 2020 BULKERS LTD
KCC KLAVENESS COMBINATION CARRIERS
EGLE EAGLE BULK SHIPPING
MPCC MPC CONTAINER SHIPS AS
HAUTO HOEGH AUTOLINERS ASA
WEST WESTERN BULK CHARTERING
HAFNI HAFNIA
COOL COOL COMPANY LTD.
HSHP HIMALAYA SHIPPING LTD.
- Jørgen Lian
Frontline Minor model adjustments
We have updated our estimates, owing to the Q4 results and QTD fixtures. We do not consider these changes to be material, and we have not changed our BUY recommendation. We retain our positive outlook for VLCCs given growing freight demand, low orderbook and high fleet renewal requirements due to strict environmental regulations. Frontline’s well-timed acquisition of 24 VLCCs from Euronav has already gained USD200m for its shareholders (~NOK10/share) since the transaction, while also increasing ...
FRO – Q4 2023 Presentation
FRO – Q4 2023 Presentation Please find enclosed the presentation of Frontline plc´s fourth quarter 2023 results to be held on the webcast / conference call 29 February, 2024 at 15:00 CET. This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act Attachment
FRO – Fourth Quarter and Full Year 2023 Results
FRO – Fourth Quarter and Full Year 2023 Results FRONTLINE PLC REPORTS RESULTS FOR THE FOURTH QUARTER ENDED DECEMBER 31, 2023 Frontline plc (the “Company” or “Frontline”), today reported unaudited results for the three and twelve months ended December 31, 2023: Highlights Profit of $118.4 million, or $0.53 per share for the fourth quarter of 2023. Adjusted profit of $102.2 million, or $0.46 per share for the fourth quarter of 2023. Declared a cash dividend of $0.37 per share for the fourth quarter of 2023.Reported revenues of $415.0 million for the fourth quarter of 2023.Took delivery of...
Okeanis Eco Tankers Corp. – Key Information relating to 4Q23 capital d...
Okeanis Eco Tankers Corp. – Key Information relating to 4Q23 capital distribution ATHENS, Greece, Feb. 29, 2024 (GLOBE NEWSWIRE) -- Okeanis Eco Tankers Corp. (the “OET” or the “Company”) (NYSE: ECO / OSE: OET), will pay a dividend on its common shares, which is classified as a return of capital (the “Dividend”). Key information relating to the Dividend to be paid by the Company for the fourth quarter of 2023 can be found below: Dividend amount: USD 0.66 per common shareDeclared currency: USD. Dividends payable to common shares registered in the Euronext VPS will be distributed in NOKDat...
Okeanis Eco Tankers Corp. – Unaudited Condensed Financial Statements f...
Okeanis Eco Tankers Corp. – Unaudited Condensed Financial Statements for the Fourth Quarter and Twelve Month Period of 2023 ATHENS, Greece, Feb. 29, 2024 (GLOBE NEWSWIRE) -- Okeanis Eco Tankers Corp. (“OET” or “Company”) (NYSE:ECO / OSE:OET) today reported unaudited condensed financial statements for the fourth quarter and twelve month period of 2023, which are to this press release. Selected Q4 2023 and Recent Highlights: Time charter equivalent ("TCE", a non-IFRS measure*) revenue and Adjusted EBITDA (a non-IFRS measure*) of $58.4 million and $44.2 million, respectively. Adjusted...
DHT orders four large VLCCs
DHT orders four large VLCCs HAMILTON, BERMUDA, February 28, 2024 – DHT Holdings, Inc. (NYSE:DHT) (the “Company”) today announced it has entered into agreements to build four large VLCCs. The Company has entered into agreements to build four large VLCCs for delivery between April and December 2026. Two will be constructed at each Hyundai Samho Heavy Industries and Hanwha Ocean (formerly known as Daewoo Shipbuilding & Marine Engineering), in South Korea. The average price is $128,500,000 for the four ships. The contracts include options for an additional four vessels that can be delivere...
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